Sunita Somvanshi
Ola Electric stock increased by 31% in August 2025, marking the largest monthly gain since its listing. The price moved from July lows, gaining approximately 54% after the company received Production Linked Incentive (PLI) certification for its Gen 3 scooters.
The PLI certification from Automotive Research Association of India (ARAI) under the Ministry of Heavy Industries applies to all seven Gen 3 S1 scooter variants. This qualification allows Ola to receive government incentives of 13-18% on determined sales value through 2028.
“Securing PLI certification for our Gen 3 scooters is a critical step towards profitability,” a company spokesperson said.
Both Gen 2 and Gen 3 scooters now have PLI certification, which affects Ola’s position in the EV two-wheeler sector.
Ola claims its in-house 4680 “Bharat Cell” offers a 15-year lifespan and can charge from 20% to 80% in 15 minutes, according to company specifications.
Ola reclaimed the #2 position in India’s EV two-wheeler market with a 16.8% share in July. Vahan portal data shows the company sold over 13,600 units during this period.
This market share increase coincided with Bajaj Auto’s production challenges due to rare earth magnet supply issues during the same period.
Bhavish Aggarwal has stated a target to reach 25-30% market share in the coming months.
Ola reported a net loss of ₹428 crore in Q1 FY26, with revenue down about 50% year-over-year.
Quarter-to-quarter figures show revenue moved from ₹611 crore in Q4 FY25 to ₹828 crore in Q1 FY26.
The company plans to release new models including the S1 Pro Sport, S1 Pro+ with a 5.2 kWh battery, and the Roadster X+ with a 9.1 kWh battery. The S1 Pro+ and Roadster X+ are scheduled for Navratri launch, while the S1 Pro Sport will be available from January 2026.
Stock exchanges (BSE/NSE) have placed Ola Electric under the short-term Additional Surveillance Measure (ASM) framework due to price volatility.
Technical analysis from market observers identifies support at ₹50-52 and resistance at ₹57-62.
“The breakout is confirmed, and any dips to ₹50-52 should be seen as healthy corrections,” according to Choice Broking analysts.
Bonanza analysts noted an RSI near 68, indicating potential short-term price movements.
Following its August 2024 IPO, Ola’s stock reached an all-time high of ₹157.40 before falling to ₹39.60 prior to the recent price movement.
The PLI Scheme was announced in 2021 to increase domestic manufacturing.Ola Electric’s stock moved upward in August following PLI certification for its Gen 3 scooters, Bharat Cell introduction, and sales increases. The company’s financial reports show quarterly revenue changes while continuing to report losses. The market is tracking sales figures, upcoming product releases, and price patterns.
